Junta de Decanos de Colegios de Contadores Públicos del Peru
Member | Established: 1962 | Member since 1977
The Junta de Decanos de Colegios de Contadores Públicos de Perú (JDCCPP) was established by Law No. 25892 of 1992 as an umbrella organization, with mandatory membership, uniting representatives from the 24 Departmental Associations of Public Accountants. The Constitutional Province of Callao also sits on the JDCCPP’s Council. The JDCCPP is the representative body of the public accounting profession in Peru domestically and internationally. It issues opinions on the plans of university curricula and is authorized to certify and recertify Public Accountants at the national level. Setting auditing standards and ethical requirements has been delegated to the Departmental Associations of Public Accountants in accordance with Law No. 28951 of 2007. In practice, however, all Departmental Associations defer to the national technical commissions established by the JDCCPP to set and adopt standards. The standards issued by the JDCCPP are adopted by the Departmental Associations to become mandatory for application in their jurisdictions. The JDCCPP is a member of the Inter-American Association of Accountants.
Statements of Membership Obligations (SMOs)
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
The JDCCPP collaborates with the Departmental Associations of Public Accountants, the Superintendence of Security Markets and the Superintendence of Banking, Insurance, and Pensions to establish a quality assurance (QA) review system for all mandatory audits.
The JDCCPP created a Technical Commission of Quality Control and conducted a survey to gather information about the quality control systems in Peru’s audit firms. In addition, the JDCCPP develops quality control implementation guidance and delivers workshops and training activities for its members.
The JDCCPP has lobbied the regulators to require auditors and firms to participate in a QA system. It had planned on launching an initial project by May 2016, which involves developing the necessary regulations governing the QA system by the end of 2016, and expected to carry out a pilot program at the beginning of 2017.
The JDCCPP is encouraged to provide an update in its next Action Plan update on the status of the establishment of a QA review system. The JDCCPP is also encouraged to disseminate updates on new and revised standards issued by the IAASB with respect to quality control in the audits of financial statements.
The JDCCPP shares responsibility for education and training of accountants at the jurisdictional level, and has developed programs to promote and support the adoption and implementation of IES by the universities, the Departmental Associations, and the government.
The JDCCPP has implemented a voluntary national certification for public accountants. Applicants must complete a final uniform exam of competencies and are subject to continuing professional development (CPD) requirements to maintain the certification.
The JDCCPP developed an IES implementation guide for universities and issued opinions on the university curriculum for public accountants. It has also compared the initial professional development (IPD) requirements among the Departmental Associations so that it could propose a standardized set of requirements. In addition, the JDCCPP is planning to develop a competencies-based certification process for auditors.
The JDCCPP is encouraged to review the revised IES (2015) requirements and indicate the results of the review in its SMO Action Plan and promote with the Departmental Associations of Public Accountants the adoption of the IPD and CPD requirements. The JDCCPP is also encouraged to consider distributing information to members on recent developments and revisions issued by the IAESB.
Having adopted ISA for all audits, the JDCCPP has ongoing processes for disseminating information on new and modified IAASB pronouncements, providing training activities, and participating in the international standard-setting process by sending comments on Exposure Drafts through the Inter-American Association of Accountants. It also seeks to participate in the IberAm project to contribute in the translation of the standards.
The JDCCPP completed the permissions request with IFAC to obtain and disseminate the most up-to-date ISA translations throughout Peru.
The JDCCPP is encouraged to develop technical guidance to support its members with the implementation of the standards.
Having adopted the 2014 version of the IESBA Code of Ethics, the JDCCPP has disseminated information about the IESBA Ethic Code, developed training activities, and prepared booklets and practice guidelines.
The JDCCPP has an ongoing process to adopt the updated IESBA Code of Ethics. In addition, it participates in the international standard-setting process through the Inter-American Association of Accountants and seeks to participate in the IberAm project to contribute in the translation of the standards.
The JDCCPP held its First International Ethics Forum in 2015, to continue raising awareness of, and providing guidance on, the IESBA Code of Ethics.
The JDCCPP has signed an agreement with IFAC to disseminate the most up-to-date translations of the IESBA Code of Ethics throughout Peru.
The JDCCPP is encouraged to participate in the international standard-setting process by providing comments on the Exposure Drafts and other consultative papers issued by the IESBA.
The JDCCPP has no responsibility for the adoption or implementation of IPSAS in Peru but, with IPSAS adopted, has focused its activities on providing training courses to support the implementation of the standards, including an annual Symposium on the Public Sector Financial Management System and a biennial National Convention of Public Accounting and Public Administration.
The JDCCPP has established communication mechanisms for informing members and other stakeholders about recent developments and revisions issued by the IPSASB. The JDCCPP participates in the international standard-setting process through the Inter-American Association of Accountants.
The JDCCPP reports in its 2016 SMO Action Plan that it promotes to the National Direction of Public Accounting (DGCP) the establishment of ongoing process to incorporate amendments and new standards issued by the IPSASB into the national requirements.
The JDCCPP is encouraged to promote an agreement between the DGCP and IFAC for the reproduction and distribution of the Spanish translation of the IPSAS in Peru.
Though the Departmental Associations of Public Accountants are responsible for establishing investigative and disciplinary (I&D) systems for their members, and the JDCCPP does not have any legal responsibility for those systems, the JDCCPP reports that it has been working with the Departmental Associations to promote the reform of I&D systems that are aligned with the requirements of SMO 6.
The JDCCPP has developed I&D regulations in line with SMO 6 requirements for national implementation. In turn, each Departmental Association is responsible for adopting the I&D system in its jurisdiction. In addition, the JDCCPP has established communication mechanisms to inform members and other stakeholders about the importance of the I&D system.
The JDCCPP does not have responsibility for the adoption or implementation of pronouncements issued by the International Accounting Standards Board (IASB). It nevertheless supports the National Accounting Standards Board in the adoption of IFRS through its representation on the board.
The JDCCPP created its National Technical Committee of Financial Information Standards to provide views on amended and new standards issued by the IASB and to promote the application of IFRS nationwide.
The JDCCPP has established dissemination mechanism on new and modified IASB pronouncements and developed seminars and training on the standards.
The JDCCPP is encouraged to develop technical guidance to support its members with the implementation of IFRS. The JDCCPP is also encouraged to participate in the international standard-setting process by providing comments on IASB Exposure Drafts and other consultative papers.
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